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Tag Archives: U.S. Federal Reserve

Disastrous U.S. policies weigh on world economy

Beijing, China | Xinhua | The U.S. Federal Reserve announced earlier this month the fourth consecutive three-quarter point interest rate hike to cool record levels of inflation, another aggressive move leaving economists fearing a recession ahead. The Fed has committed to hawkish rate hikes to fight inflation while standing by as …

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U.S. Fed keeps interest rates near zero as recovery picks up

Washington, USA  |  XINHUA |   The U.S. Federal Reserve on Wednesday kept its benchmark interest rates unchanged at the record-low level of near zero, as economic recovery gathers momentum on COVID-19 vaccination progress and strong fiscal support. “Amid progress on vaccinations and strong policy support, indicators of economic activity and …

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